6 Investment Bargains Recommended by 3 Top Traders

CNBC's Fast Money Traders have found  a handful of "trashed" investments that investors may want to buy now. The article states "Investors get your shopping lists ready; the Fast Money pros think it's about time to hit the buy button. And yes, they're aware of the market swings - they know August has been the most violent month for stocks since the collapse of Lehman in 2008. But the gang says some stocks have just gotten too cheap to pass up, even amid all the market madness."

The market downturn has been so swift and severe that even the best companies have seen sharp stock price declines. Cash is king now and when your cash has that kind of buying power, it might be a great time to put it to use. Here is a closer look at a few of the latest picks from the "Fast Money" traders:

Intel Corporation (INTC) is a leading maker of chips used in notebooks, netbooks, desktops, mobile phones, consumer electronics devices, etc. This company has a rock solid balance sheet, sells for only about 8 times earnings and pays a dividend that beats most bonds and other income investments. Trader Steve Cortes likes this stock for the dividend.

Here are some key points for INTC:
Current share price: $19.19
52 week range: $17.60 to $23.96
Earnings estimates for 2011: $2.38 per share
Earnings estimates for 2012: $2.50 per share
Annual dividend: 84 cents per share which yields 4.1%

Starbucks Corporation (SBUX) is a leading purveyor of premium coffee, tea and other food products. Coffee stocks have been very hot in this market. I would be careful right now and wait for this sector to correct and buy on dips only. This company is seeing strong growth in China. Trader Pete Najarian likes the fast growth and the lower stock price.

Here are some key points for SBUX:
Current share price: $35.10
52 week range: $22.50 to $41.11
Earnings estimates for 2011: $1.50 per share
Earnings estimates for 2012: $1.80 per share
Annual dividend: 52 cents per share which yields 1.3%

Nordstrom (JWN) is a leading upscale retailer of clothing. This stock has pulled back sharply from about $50 to only $37. Trader Patty Edwards says " "It's down 15% just since the 15th of this month, that's too much."

Here are some key points for JWN:
Current share price: $37.45
52 week range: $28.44 to $52.15
Earnings estimates for 2011: $3.05 per share
Earnings estimates for 2012: $3.52 per share
Annual dividend: 92 cents per share which yields 2.2% 

iShares Silver Trust (SLV) is a silver exchange traded fund (ETF) that tracks silver bullion prices. Pete Najarian thinks SLV has found a base around $37, so it might make sense to wait for pullbacks to that level.

Here are some key points for SLV:
Current share price: $41.68
52 week range: $17.06 to $48.35
Earnings estimates for 2011: Not applicable
Earnings estimates for 2012: Not applicable
Annual dividend: None

Walter Energy Inc. (WLT) is a leading coal producer. Patty Edwards says “It’s 45% off the highs – the world has not slowed down that much,” This stock does look very cheap at only 5 times forward earnings and close to the 52 week low.
Here are some key points for WLT:
Current share price: $74.15
52 week range: $66.23 to $143.76
Earnings estimates for 2011: $10.78 per share
Earnings estimates for 2012: $13.66 per share
Annual dividend: 50 cents per share which yields .6%

Wal-Mart Stores Inc. (WMT) is one of the largest retailers in the world. Trader Steve Cortes has been buying this stock and says "“And it’s a North America story – the company is relatively insulated from troubles in Europe.”

Here are some key points for WMT:
Current share price: $52.30
52 week range: $48.31 to $57.90
Earnings estimates for 2011: $4.46
Earnings estimates for 2012: $4.88
Annual dividend: $1.46 per share which yields 2.8%